Prudential Financial Inc. Sells 70,874 Shares of United Continental Holdings, Inc. (UAL)

Prudential Financial Inc. cut its position in shares of United Continental Holdings, Inc. (NYSE:UAL) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760,548 shares of the transportation company’s stock after selling 70,874 shares during the period. Prudential Financial Inc. owned 0.25% of United Continental Holdings worth $46,303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Telemus Capital LLC raised its stake in shares of United Continental Holdings by 0.3% during the 2nd quarter. Telemus Capital LLC now owns 2,890 shares of the transportation company’s stock worth $217,000 after purchasing an additional 9 shares in the last quarter. MCF Advisors LLC raised its stake in shares of United Continental Holdings by 0.9% during the 2nd quarter. MCF Advisors LLC now owns 1,529 shares of the transportation company’s stock worth $115,000 after purchasing an additional 13 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of United Continental Holdings by 1.5% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,271 shares of the transportation company’s stock worth $246,000 after purchasing an additional 47 shares in the last quarter. Tillar Wenstrup Advisors LLC raised its stake in shares of United Continental Holdings by 0.3% during the 2nd quarter. Tillar Wenstrup Advisors LLC now owns 29,298 shares of the transportation company’s stock worth $2,205,000 after purchasing an additional 94 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in shares of United Continental Holdings by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 4,553 shares of the transportation company’s stock worth $343,000 after purchasing an additional 100 shares in the last quarter. 97.67% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the company. Imperial Capital raised their price objective on United Continental Holdings from $75.00 to $77.00 and gave the company an “in-line” rating in a research note on Tuesday, July 18th. Morgan Stanley raised their price objective on United Continental Holdings from $79.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, July 20th. Buckingham Research reissued a “buy” rating and issued a $97.00 price objective on shares of United Continental Holdings in a research note on Saturday, July 22nd. BidaskClub downgraded United Continental Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Sanford C. Bernstein reissued a “hold” rating on shares of United Continental Holdings in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $77.63.

WARNING: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/12/prudential-financial-inc-sells-70874-shares-of-united-continental-holdings-inc-ual.html.

Shares of United Continental Holdings, Inc. (NYSE:UAL) opened at $58.52 on Friday. United Continental Holdings, Inc. has a fifty-two week low of $57.34 and a fifty-two week high of $83.04. The firm has a market capitalization of $17,336.67, a P/E ratio of 8.18, a PEG ratio of 1.51 and a beta of 1.02. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.

United Continental Holdings (NYSE:UAL) last announced its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental Holdings had a return on equity of 25.26% and a net margin of 5.22%. The company had revenue of $9.88 billion for the quarter, compared to analyst estimates of $9.87 billion. During the same quarter last year, the firm earned $3.11 EPS. United Continental Holdings’s revenue for the quarter was down .4% compared to the same quarter last year. research analysts expect that United Continental Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.

In other news, Director Edward Shapiro acquired 15,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were bought at an average price of $59.87 per share, with a total value of $898,050.00. Following the acquisition, the director now owns 27,707 shares of the company’s stock, valued at $1,658,818.09. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert A. Milton acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were purchased at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now directly owns 6,176 shares in the company, valued at approximately $361,913.60. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

About United Continental Holdings

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

Receive News & Ratings for United Continental Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Continental Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply